Anguilla

Anguilla

Anguilla is a well-regulated jurisdiction with an up to date set of legislation and regulations aimed at providing captive managers and their clients with an appropriate and efficient service. The Financial Services Commission is well staffed with a large number of professionally qualified regulators allowing them to provide an excellent quality product.

[Last updated: 28/07/16]
Regulatory contact:
Lavie Hobson
Address of regulator
Anguilla Financial Services Commission
MAICO Building, P.O. Box 1575, The Valley, Anguilla, B.W.I.
Telephone Number
Phone: +1 264 497 5881
Fax: +1 264 497 5872
Email Address
info@afsc.ai
Website
www.fsc.org.ai



Name of Captive Legislation
Insurance Act
 
Year Legislation Passed
2004
 
Recent Amendments
Act amended 2014 and numerous guidelines added to suit market and regulatory demands.
 
Do you allow Cell Captives?
Yes
 
Total Number of Licenced Captives
Captives – 244
Cell Accounts- 57
 
Number of Risk Retention Groups or Group Captives
N/A
 
Number of Single Parent Captives
N/A
 
Number of Cell Captives
19
 
Number of licences granted in the past year (2015 calendar year)
18
 
Approximate (or Average) length of time to process a new captive
A maximum of 3 weeks for fully complete applications or 1 day for Captive Managers who have fast track approval.
 
Captive tax rates
Zero Tax
 
Minimum capitalisation rate
Class ‘B’ Insurer’s Unrestricted Licence – US$200,000
Class ‘B’ Insurer’s General Licence – US$100,000
Class ‘B’ Insurer’s Association Licence – US$100,000
Class ‘B’ Insurer’s Group Licence – US$25,000
Class ‘B’ Insurer’s Single Licence – US$10,000
 
For further reference see:
http://fsc.org.ai/documents/Document%20Library/Legislation/I016-Insurance%20Act.pdf
 
Licencing fees 
See the link attached: http://fsc.org.ai/documents/Document%20Library/Legislation/Insurance%20(Amendment)%20Regulations,%202014.pdf
 
Industry sectors best represented in the domicile

Property & Casualty

Professional & General Liability

Marine & Aviation

Life & Annuity

Hospital & Medical Malpractice Liability

Automobile & Liability

Accident & Health

 
Top 5 uses for Captives in the domicile
Professional & General Liability
Property & Casualty
Hospital & Medical Malpractice Liability
Automobile & Liability
Accident & Health
 
Total premiums received by the Captives
163mil
 
Total value of assets under management
631 mil
 
Captive Insurance Managers registered to conduct business in the domicile
Active Insurance Management Limited
American Insurance Managers, S.A.
AMS Insurance (Anguilla) Ltd
Artex Risk Solutions Inc.
Atlas Insurance Management (Anguilla) Limited
ARC Insurance Management Limited
Azimuth Risk Solutions, LLC
Blenheim Insurance Management (Anguilla) Limited
Capstone Insurance Management (Anguilla), Ltd
Captiva Managers (Anguilla) Ltd.
C.E.G. Ltd.
Empire Risk Management, Ltd.
First Anguilla Insurance Management Limited
Hyperion Insurance Management (Anguilla) Limited
Irus Management Ltd
ISC Management Services, Limited
JLT Towner Insurance Management (Anguilla) Ltd.
Millennium Insurance Management Company Ltd.
Occidental Insurance Management, Ltd.
Risk Management Advisors, Ltd.
Stafford Insurance Managers (Anguilla) Ltd
Symphony Management Ltd.
Tradewinds Insurance Management Group (Anguilla), Ltd.

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